Roambee Receives Strategic Investment from Temasek-backed Reefknot

Roambee Completes Series B1 with Reefknot Investments to Drive Global Expansion (1)

Roambee helped solve key logistics challenges around global COVID-19 vaccine distribution.  The startup’s latest financing will be used for its global expansion into Asia.

By Ka Wing Li

Reefknot Investments has made a strategic investment in Roambee, a Silicon Valley-headquartered, on-demand supply chain visibility company, the investment firm announced in a press release yesterday. Reefknot’s strategic financing was part of Roambee’s Series B1 fundraise, led by Anchor Group, which raised in excess of US$18 million.

The exact amount of Reefknot’s strategic investment in Roambee is undisclosed at the moment, but the press statement says the funding is intended for further technology development and expansion into new markets, including Asia. The company is planning a Series C fundraise with a planned kick-off in Q2 2021.

Roambee is a supply chain visibility company which provides AI-enabled prescriptive insights through sensor-driven, real-time logistics monitoring.  It is headquartered in Silicon Valley, with regional offices in Mexico, Brazil, the U.K., Germany, the U.A.E., India, and Indonesia.

The startup’s cloud platform uses a range of different sensors, Internet of Things (IoT) hardware, and connectivity options that allow the startup to globally monitor cargo being transported by air, land, or sea. In addition, it offers Robotic Process Automation (RPA) solutions to improve the efficiency of business processes.

Most recently, Roambee’s technologies have supported the response to key global logistics problems, including global COVID-19 vaccine distribution, according to the press release.

“The pandemic has changed the dynamics of supply drastically, lengthening any recovery period. Our goal is to expand our platform’s capabilities to include more sensor and non-sensor data sources to eliminate disruptions and reduce risks in the supply chain,” Roambee Chairman and CEO Sanjay Sharma said in the statement.

Roambee says that its technology can assist in improving the number of sales from each distribution point (also known as product velocity), compressing the time taken from the order to the receipt of payments, and forecasting demand more accurately. Its clients include Mondelez, Lenovo, IFCO Packaging, ICICI Lombard Insurance, and the United Nations World Food Programme, among others.

Reefknot Investments and Temasek

Reefknot Investments is a global supply chain and logistics sector-focused venture capital fund headquartered in Singapore. The fund is backed by Temasek, Singapore’s sovereign wealth fund. Temasek has also backed many important startups around Asia, including Kuaishou Technology, Zilingo, and BasisAI.

The investment into Roambee marks Reefknot’s third major global investment deal following its investment into AI-powered B2B financing platform Previse in April 2020, and AI decision-making company Secondmind in October 2019. According to Crunchbase data, Reefknot was the lead investor for both deals.

In 2020, according to the press statement, Roambee doubled its 2019 sales orders and onboarded new customers. Its technology was also used to monitor shipments of COVID-19 vaccines, data server products, and smartphones. It also found a new line of business through working with B2B insurers that use Roambee’s software to reduce their clients’ logistics risk.

The demand for logistics has increased with the expanding ecommerce industry, and the ongoing global pandemic has boosted the demand for medical goods and online shopping. Logistics and delivery services have played a crucial role in ensuring the continued availability of personal protective equipment (PPE) and other pandemic-related essentials.

Supply chain management is therefore crucial and highly sought after. Advanced technologies like AI, data analytics, and IoT have made supply chain operations – and the flow of product information across the supply chain network – much more efficient.

Header image by


Share on facebook
Share on twitter
Share on linkedin
Share on email


Can AI Help You Flirt Better

Can AI Help You Flirt Better?

“Excuse me, but I think you dropped something: my jaw.” This is the pick-up line the famous artificial intelligence (AI) chatbot ChatGPT dished out when we asked for some viable options. Not the most original, sure, but not bad for a trained algorithm.

4 Popular Companies Offering the Best Vacation Policies

4 Popular Companies Offering the Best Vacation Policies

The work-life balance is becoming increasingly important to many employees, and a comprehensive and generous vacation policy plays a crucial role in achieving this balance. Vacation time gives employees the chance to recharge, pursue personal interests and reap numerous benefits, such as increased job satisfaction, reduced stress and improved overall well-being

Is Using AI for Academic Writing Cheating?

Is Using AI for Academic Writing Cheating?

From films written and directed by ChatGPT to Kindle authors writing books with artificial intelligence (AI), we are seeing more and more reportage on AI writing tools these days. While writing with an AI may seem harmless and possibly helps improve work efficiency, the use of these tools in the sphere of academic writing has generated serious concern. Teachers are worried that the use of AI writing tools is equivalent to plagiarism or cheating.

7 Creative Ways to Reward Employees without a Salary Raise

7 Creative Ways to Reward Employees without a Salary Raise

Giving your employees a raise is a significant way to show your employees that you value their work and compensate them appropriately for their contributions. Failing to acknowledge the work of your employees can be ‌costly for startups. A OnePoll survey of 2,000 workers found that almost half of ‌American workers (46%) have quit a job due to feeling unrecognized